Sunday, November 24, 2013

Hi traders. We have a holiday trading week ahead of us and as such, you can expect lower trading volumes and (at least historically) a positive bias. The market is in grind up mode but I continue to see issues underneath the surface and the stocks that suit my style just aren't acting as well as they did a few weeks or months ago. I've been harping on this for a while now and perhaps in two or three months it will all make sense. In the meantime, I included some setups on both sides of the market that will hopefully make some money in the week ahead. I am still in short-term mode until I see individual names act better.

I get a lot of emails about the scans and indicators I use in TC2000, which is the trading software I use on a daily basis and in the weekly videos. Since many of those scans are proprietary and have taken a lot of work to develop and implement, I am somewhat reluctant to share them to everyone. Over the past few weeks however, I have had several requests to set up my scans and TC2000 setup/layout on other user's systems and have been able to oblige those folks for a fee. If this is something you are interested in, please email me and I can give you further details. This would allow you to run the exact same scans and indicators that I have developed and use in my TC2000 program. I am also working on starting up a one-on-one mentoring/consulting program online where I can teach you how to use these scans to help you find daily setups, as well as incorporate other important aspects of any trading plan such as market timing and technical analysis into your personal trading. If you are interested, please feel free to contact me via email or Twitter.

Saturday, November 16, 2013

Hi traders. Looks like the market is in melt up mode right now as stocks continue to move higher and don't seem at all fazed by the big one-day drop we saw two weeks ago. I am seeing better action in individual names and currently hold two long positions. I haven't been trading really well these past few weeks but hopefully the setups I share are serving you better - GOGO and RMTI were two big winners that I specifically tagged at the end of last week's video. Good luck in the week ahead.

Saturday, November 9, 2013

Hi traders. It was a wild week on Wall Street and a challenging one. When you see a seventy point move down on the Nasdaq followed by a sixty point move up the following session, something is not quite right. Scalping might work in a market like this, but little else will, so patience is important. Swing trading is very, very difficult right now. I continue to see a lot of former leaders break down, but I also see a decent amount of stocks holding up so if the bulls want to right the ship, I will give them the benefit of doubt in time. As for now, I am keeping everything light and short-term only until things become more clear.

Sunday, November 3, 2013

Hi traders. It was a tricky week on Wall Street this past week (at least for me) as the indexes pulled back a bit and individual stocks continued to give bearish signals in some cases and false signals in others. The former leaders of September and October continue to get beaten up, but the real problem is that there haven't been as many to clearly step up and take their place. I am seeing some setups out there (which I highlight in the video among others) but the overall quality of them is not the same as they were a month or two ago. Because of that, I think it's important to be patient here and not overtrade, as there may not be a big edge for the bulls or bears at this point.

Overall Market Timing Score

March 20, 2014 -2March 19, 2014 +1(Max Score +6, Min Score -6)

The Market Timing Score has six factors that I record on a daily basis. These include breadth indicators, moving average indicators, accumulation and distribution indicators, and overbought and oversold indicators.

The max score of the Market Timing Score is +6, but this is very rare. Typically a score of +4 or +5 tells you that the market is very bullish. A score of +3 or +2 tells you that the market is bullish, but there are a few reasons for concern. A score of +1 or 0 tells you that cash is the best place to be. The scores work the exact same way on the negative side for bearish markets.

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Chart Swing Trader is a website intended for the education of online stock traders. The website is an information service only. The information provided herein is not to be construed as recommendations to buy or sell stocks of any kind. They are simply the opinions of the author. It is possible that the editor of this blog may own, buy, or sell stocks presented. All investors should consult a qualified professional before trading any stock. The author is not an investment advisor. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts made by the author are committed at the reader's own risk, financial or otherwise.